Washington is Becoming a Positive for Markets

All that media talk about Congress being a threat to investors is "so yesterday," argues political handicapper Greg Valliere.

We've seen several recent articles and heard the usual TV blather about how Washington is a great threat to the markets. That's so yesterday. As we'll explain this morning, the pendulum has shifted from the dark days at New Year's, when Washington was a genuine irritant.

Ignore the apocalyptic rhetoric and look at the evidence: the economy did not fall off a fiscal cliff in early January; the Bush tax cuts were extended for just about everyone; legislation is moving quickly to avoid a March 27 government shutdown; no one...